Russell-Hutton Ltd - Limited company - abbreviated

REGISTERED NUMBER: 05120999 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2015

for

Russell-Hutton Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M J Hutton

M Russell

SECRETARY:

M J Hutton

REGISTERED OFFICE:

23 Hillsborough Road

Sheffield

South Yorkshire

S6 4JL

REGISTERED NUMBER:

05120999 (England and Wales)

ACCOUNTANTS:

CFC Accountancy Services Limited

CFC House

Woodseats Close

Sheffield

S8 0TB

FIXED ASSETS

Tangible assets

2

26,196

10,911

CURRENT ASSETS

Stocks

1,250

Debtors

21,672

22,053

Cash at bank and in hand

191,638

95,733

214,560

119,036

CREDITORS

Amounts falling due within one year

(140,566

)

(100,189

)

NET CURRENT ASSETS

73,994

18,847

TOTAL ASSETS LESS CURRENT
LIABILITIES

100,190

29,758

CREDITORS

Amounts falling due after more than one
year

(8,788

)

-

PROVISIONS FOR LIABILITIES

(5,054

)

(1,956

)

NET ASSETS

86,348

27,802

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

86,346

27,800

SHAREHOLDERS' FUNDS

86,348

27,802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 March 2016 and were signed on its behalf by:

M Russell - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover is represented by the net sales of bespoke furniture, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

29,634

Additions

24,017

At 30 June 2015

53,651

DEPRECIATION

At 1 July 2014

18,723

Charge for year

8,732

At 30 June 2015

27,455

NET BOOK VALUE

At 30 June 2015

26,196

At 30 June 2014

10,911

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

2

Ordinary

£1

2

Russell-Hutton Ltd - Limited company - abbreviated - 11.9

Russell-Hutton Ltd - Limited company - abbreviated - 11.9